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Stop Counting On Oil Contangos

Crude curves have historically been…

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State Owned Enterprises Take More Energy Business

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Brazil’s Petrobras Cuts 2016 Loss, Trims Net Debt To Below $100B

Mar 22, 2017 at 13:21 | Tsvetana Paraskova

Brazilian state-held oil company Petrobras – which has been at the center of a huge corruption scandal in the country – said on Tuesday that its 2016 net loss…

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ETP Claims DAPL Faced “Coordinated Attacks” From Unnamed Saboteurs

Mar 22, 2017 at 10:55 | Zainab Calcuttawala

The Dakota Access Pipeline will begin pumping oil from North Dakota later this month, but the companies constructing the project said that efforts had been made in recent weeks…

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Oil Markets Recoil As Inventory Builds More Than Feared

Mar 21, 2017 at 17:45 | Julianne Geiger

The American Petroleum Institute (API) reported a build of 4.529 million barrels in United States crude oil inventories against expert predictions that domestic supplies would see only a 2-million-barrel…

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Russia Remained The World’s Top Oil Producer In January

Mar 21, 2017 at 17:38 | Zainab Calcuttawala

Russia remained the world’s largest oil producer in January, according to new statistics from the Russian Federal State Statistics Service (Rosstat) on Tuesday. The country’s daily output averaged 10.764…

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Aramco Seeks To Raise $2B In First Bond Issue Ahead Of IPO

Mar 21, 2017 at 15:11 | Tsvetana Paraskova

Saudi Arabia’s state oil giant Saudi Aramco is planning to issue around $2 billion worth of bonds as early as the second quarter this year, in its first bond sale…

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OPEC May Have No Choice But To Extend Cuts

Mar 21, 2017 at 14:22 | Oil & Gas 360

WTI crude oil prices were down again Monday, even as news that OPEC was considering extending production cuts reached markets. For a change, prices didn’t reflect the news of possible…

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Eni, Gazprom Boost Cooperation To Ship Russian Gas To Europe

Mar 21, 2017 at 14:05 | Tsvetana Paraskova

Italy’s oil and gas major Eni SpA said on Tuesday that it had signed an agreement with Russia’s gas giant Gazprom to jointly analyze the prospects for cooperation in…

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Chevron’s $1B Chinese Offshore Oil Asset Sale Hits A Snag

Mar 21, 2017 at 13:58 | Tsvetana Paraskova

Chevron’s plan to sell its non-operated interests in oilfields offshore China for up to $1 billion has been stalled since the U.S. major has not received good enough bids,

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Chevron Unlikely To Expand Major Australian LNG Projects

Mar 21, 2017 at 13:34 | Tsvetana Paraskova

The oil price slump has shifted the trend in new project investments towards smaller projects with faster returns and away from mega projects, and Chevron is unlikely to sanction another…

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Japan Oil Refiners Fear Chinese Rivals Will Squeeze Them Out

Mar 21, 2017 at 12:00 | Irina Slav

Japanese oil refiners are worrying that China’s new fuel standards that are driving higher output will ultimately result in a deadly loss of market share for the Japanese firms.

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